NZD/USD – Kiwi Dollar Tumbles Post Fed Decision and NZ GDP

Key Highlights The New Zealand Dollar likely made a short-term top near 0.7430 against the US Dollar. The NZD/USD is attempting a close below an important support at 0.7330 on the 4-hours chart. Fed kept the interest rates unchanged, but the central bank’s hawkish tone caught the market attention. New Zealand Gross Domestic Product in Q2 2017 increased 0.8%, sim...
Read More

US Dollar Gains as Fed Raised Interest Rates

US Dollar Gains as Fed Raised Interest Rates Key Highlights             Fed increased the interest rates from 0.25% to 0.5%, as forecasted and as a result, the US Dollar rocketed higher. EURUSD and GBPUSD dived down and USDCAD traded higher. The upside in the USDCAD pair was contained by the 1.3850 resistance area, which acted as a barrier. In New Zealan...
Read More